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Workout & Recovery - VP

Navi Mumbai, Maharashtra

Allegis Group

Job Description

The Workout & Recovery Management (WRM) team manages distress names in workout for the Banks corporate and investment banking portfolio. The APAC team manages the regional portfolio that covers NJA, Japan and Australia.

- The role faces the clients and external stakeholders and liaises with various internal stakeholders such as Workout Credit, CRM APAC, Business, Ops, Legal, Finance.

- The position is that of a senior member of the WRM team for the WRM APAC team.

Position Specific Responsibilities and Accountabilities



- Manage distress accounts in APAC in partnership with Business

- Monitor and analyse the Banks position in the distress assets and devise strategies to maximize recoveries and reduce credit losses

- Work with Workout Credit to manage workout names, assess Credit losses- LLPs, CVA and mark to marker positions.

- Managing and liaising with internal stakeholders on a regular/ daily basis (GTB, GCT, CPM, CPSG, STEF, Coverage, CRM, BRM, DB Legal, Finance, Loan Ops, Trade Ops, Group Tax, Compliance, WRM Credit International, AFC etc.) on a wide array of matters, predominantly on account strategy, proposing and driving recovery solutions.

- Liaising with external parties (borrowers, other creditors, law firms, restructuring advisory firms, liquidators) on workout cases

- Drive Restructuring negotiation, arranging/ attending creditors meetings/ calls, sourcing for distressed debt buyers, arranging beauty parades for selection of financial advisors, filing of legal claims, sourcing/ negotiating contracts /engaging consultants such as valuation firms and sector specialists etc. negotiating documentation

- Working together with Credit on Impairment/ provisioning assessments

- Quarterly Watchlist process: Prepare and update quarterly updates for Credit officers, Finalize RMA Transfer List, Preparation of one-pager for single name presentations.

- Handling queries from auditors (both internal and external).

- Monitoring/ solving data quality breaches, ETMM tickets.

People Management

The behaviours provided below should be adopted by all Deutsche Bank employees in relation to their development and management of others.

- Live DB values

- Ability to manage a dynamic portfolio and multiple stakeholders

- Attention to detail and manage work independently

Experience/ Exposure

Specify the minimum level and type of experience required for the position (e.g. specialised or cross-functional, cross-industry experience, local or international experience)

Do not include the number of years

Alternative possible background can be indicated

Consider the experience required in the following areas:

Risk and Regulatory

Business

Leadership

- Credit Risk experience will be key

- Knowledge of Risk systems and processes will be beneficial

- Relevant work experience of 8-10Y

Education/ Qualifications

Define the minimum level and type of education required.

If applicable, indicate type of certificate, diploma or degree required

- Credit Risk experience will be key

Company Description

Allegis Group is the largest privately held staffing company in the United States and... serves a wide variety of industries. Our team includes more than 8,000 internal employees and 90,000 contract employees working with customers around the world. We continue to grow, bringing our expertise to new industries in the United States, United Kingdom, Canada, Puerto Rico, Europe, the Middle East, and the Pacific Rim   Read full description

Additional Information

Last updated:
16/01/2019
Job type:
Full time
Position type:
Permanent
Vacancies:
1
Minimum experience:
More than ten years
Education:
Compulsory Education
Category:
Jobs in Banking / Financial Services
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